No, a thousand times no
A poll shows some support for government bailouts for failing newspapers (which could be all of them). Thirty-three percent said they would support legislation that would allow newspapers become tax-exempt non-profit organizations as long as they don't endorse political candidates.
Thankfully, 51 percent oppose the legislation, introduced last week by Sen. Ben Cardin (D-Maryland), thus showing that the entirety of the American public hasn't lost its mind. Besides some First Amendment questions, the very idea of a government-run media should set spines shivering. While the poll shows a slight majority believe that newspapers are essential to a democracy, the publications--like GM and banks--should rise or fall on their own merits. If all the people who believe that newspapers are essential actually were regular readers, newspapers probably wouldn't have the problems they're having.